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Wednesday, 10 February 2016

Nifty's trend - 10th Feb,2016

Dear Friends, Good morningAs per the technical indicators , NIFTY is all set for a bounce back very swiftly - if the 7240-7230 region is not broken....If 7230 is broken - indicator suggests the level of 7118 zone & from there upto 7040 ...But , FIIs pricing action indicates NIFTY should cross the level of 7419- 7435 at any moment.... !The better strategy would be to watch the level of 7230 - whether it is broken / held & accordingly align the positions....!STM 4th Entry - I have not made exit yesterday ----- holding for a while...!Let's wait and watch....!Have a nice day..!With kind regards,Rishi